other_material
confidence high
sentiment neutral
materiality 0.50
Presidio Property Trust completes self-tender for 2.14M shares at $0.68 each
Presidio Property Trust, Inc.
- Validly tendered 2,144,116 shares accepted for purchase at $0.68 per share.
- Total cost of $1,457,998.88, excluding fees; funded from cash on hand.
- Offer included 12,086 odd-lot shares; expired May 5, 2025.
- Original offer capped at 2,000,000 shares, plus up to 2% of outstanding (~283,080) without extension.
- Depositary will disburse approximately $1.46M to tendering shareholders.